Yep. I think Maybe they were going for a W and G blended together with the impression of dramatic movement. But it's just meh.
You want a great "hidden letter" logo? The Milwaukee Brewers! Look at that masterfully hidden M and B! And it tells you exactly what the sport is. It's brilliant.
I can see how it is a w and a g and a ribbon and a person vaulting which is kinda cool, but man, the colors are insipid and it is immediately forgotten. I get that not everything can be a nike swoosh, but gonna be rough for branding when no one can remember exactly what it looks like.